NODDING DONKEY PLC - Notice of General Meeting Regarding Change of Name

NODDING DONKEY PLC

(“Nodding Donkey” or “the Company”)

Notice of General Meeting Regarding Change of Name

28 October 2015

Nodding Donkey plc today announces that it will be holding a General Meeting on Tuesday 10 November at 11:00 am at the offices of Fieldfisher, 9th Floor, Riverbank House, 2 Swan Lane, London, EC4R 3TT, to consider and if thought fit, to pass the following resolution, which will be proposed as a special resolution:

1. That the name of the Company be changed to "Karoo Energy plc".

A letter from the Company’s CEO has been posted to shareholders along with the Notice of General Meeting, which is available from the Company’s website: http://www.noddingdonkeyplc.co.uk/

Background to the proposed special resolution

The rationale for the change of name stems from the Company's change in focus. The Company initially aimed to invest in a portfolio of companies within the oil and gas exploration sector, the "nodding donkey" being the symbol synonymous with onshore oil production.

Given that the Company is now focused on gas exploration only with the intention of becoming an electricity producer, the "nodding donkey" would not adequately represent the Company's current approach.

Further to the award of its shale gas exploration licences and coal bed methane licences in Botswana, the Company is now focused on exploring opportunities in Southern Africa. The Karoo is the semi-desert natural region of Southern Africa, whilst the Karoo Supergroup is the most widespread stratigraphic unit in Africa south of the Sahara Desert, and the Board believes that the proposed name better reflects the Company's primary focus, being the exploration of gas in Southern Africa.

The Directors of Nodding Donkey accept responsibility for the content of this announcement.

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